The Circular permits currency conversions between different foreign currencies at designated banks. It removes the foreign exchange limit and allows the collection of premiums either in renminbi or foreign exchange.
September 02, 2006
Legislation
The Provisions define applicable laws where international practices represented by the usual UCP 500 do not cover the disputed LC issue, the legal relationship between the parties to an LC, and the concept of 'LC fraud'.
September 02, 2006The Measures stipulate the method of determining the dutiable value of imported goods, the transaction valuation method, elements for which the transaction value is to be adjusted and when special buyer/seller relationships are deemed to exist.
September 02, 2006Issued: June 6 2006Effective: July 1 2006Main contents: The Circular relaxes the foreign exchange control policies relating to overseas investment. clp…
July 02, 2006Promulgated: March 31 2006Effective: as of date of promulgationInterpreting authorities: Ministry of Commerce in conjunction with Ministry of Finance,…
July 02, 2006Issued: June 6 2006Effective: June 1 2006Main contents: From June 1 2006, business tax will be imposed on sales of residential premises of less than five…
July 02, 2006National LegislationACCOUNTINGEnterprise Accounting Guidelines No.11 Share-based Payment企业会计准则第11号 - 股份支付L3100/06.02.15(11)Enterprise…
July 02, 2006Issued: April 13 2006Effective: May 1 2006Main contents: The Circular consists of three parts:1. Abolition of Advance Examination and Approval of the Opening…
July 02, 2006Issued: April 17 2006Effective: as of date of issueInterpreting authorities: People's Bank of China and China Banking Regulatory CommissionMain contents:…
July 02, 2006Promulgated: May 17 2006Effective: May 18 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Offering ConditionsPart Three:…
July 02, 2006